SAA hits legal turbulence


SAA hits legal turbulence

The national carrier could face up to R6bn damages claims.

SAA’s anti-competitive ghosts have come back to haunt it. Adding to its current management chaos and desperate attempts to make ends meet, it faces two massive claims potentially amounting to more than R3 billion – one from Comair for R1bn and another for R2.2bn from businessman Robert Watson, who has acquired the rights and interests of Rethabile, the BEE minority shareholder of the now-defunct Sun Air.

Neither of these amounts include interest, so SAA could be facing claims in excess of R6bn, sufficient to swallow the entire bail out received from the government earlier this year.

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Submitted by : Big Al Dryburgh of DURBAN NORTH on 2015-09-11 06:24:28
Unfortunately this arrogant government in all its forms refuses to accept responsibility,play fair,employ the right calibre of people,the list continues ad infinitum,safe in the knowledge that it has the taxpayers money at its disposal ad infinitum to waste.
Noseweek would have nothing to write about if this circus performed properly!!!!
 
Submitted by : Andreas Stelzer on 2015-08-31 08:42:49
The trouble is that we have government that can't deliver school books. At the same time we trust that they are able to run operations as complex as an airline... It cannot end well.

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